Helping to meet Latin American corporations’ need for loans and assistance with spend management, Goldman Sachs Group has lent $150 million to Clara, a Mexican startup that provides lending services to businesses in Mexico, Brazil and Columbia. With the new financing, the Mexican company —...
In the first two days of Poland’s national “mortgage holiday” more than 500,000 Polish mortgage holders took advantage of the new law allowing them to temporarily suspend mortgage repayments, reported the country’s Prime Minister, Mateusz Morawiecki. Since Friday (July 29), people who hold a mortgage...
The credit crunch looms for auto lenders — perhaps most imminently for those lending to the subprime market. To that end, and as noted Tuesday (Aug. 2) by sites such as Seeking Alpha, Credit Acceptance, which helps auto dealers offer vehicle financing — including to...
Equifax provided inaccurate credit scores for millions of Americans seeking loans over a three-week period in the spring, The Wall Street Journal (WSJ) reported Tuesday (Aug. 2). The credit bureau sent the scores to banks and nonbank lenders in response to people applying for car...
Higher living costs have created more demand from borrowers looking for small loans, leading a number of individuals in the United Kingdom to explore the options available through pawnbrokers. There’s also been a crackdown on high-interest lenders, which has left less options for customers, the...
Credit card lenders have been stepping up their marketing efforts to draw in new borrowers, showing confidence in U.S. consumers even as the economy could be tilting toward a recession. The volume of paper and digital mail solicitations increased for the second quarter in a...
Fisker, which makes electric vehicles, has debuted a new digital financing platform, a press release said Friday (July 8). Called Fisker Finance, it will offer seamless loan purchase options for customers. Fisker Finance will allow customers to apply for vehicle financing and get “competitive, personalized”...
British FinTech Finastra has debuted an embedded customer lending product, a solution the company says provides access to “traditional regulated lending options” for customers at point of sale (POS). “For end consumers, Finastra Embedded Consumer Lending aims to make the buying process as frictionless as...
Credit markets are tightening. The Federal Reserve has been busy boosting interest rates and, amid a macroeconomic environment that could be charitably described as uncertain, the buying and selling of consumer loans winds up being a fraught process. As institutional investors seek more ways to...
